EXPLANATION: move business incubation proviso from dept of
commerce to non-recurring proviso to follow funding

Amend the bill, as and if amended, Part IB, Section 118,
STATEWIDE REVENUE, page 523, Paragraph 118.17, after line 3, by
adding an appropriately numbered item to read:
/ ( ) The $5,000,000 appropriated above to the
Department of Commerce for the business Incubator Program shall
be used to invest in technology-based economic development
projects. The department shall develop guidelines to administer
the program and any investment made by the department shall be
accompanied by, at a minimum, an equal match of non-state funds.
Eligible projects should foster economic development, encourage
technological innovation and business recruitment, leverage the
state scientific potential and existing knowledge base, or
encourage research and development collaboration. $400,000
shall be designated for the digital design initiative. Up to
$300,000 may be used by the department for administrative costs
associated with this program./